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12 Cards in this Set
- Front
- Back
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Real estate agent Nancy Biggens is printing new business cards to advertise her real estate services. She is a broker who owns her own brokerage operating under her own name - but she is not a member of the National Association of REALTORS®. She may display her name on the cards in the following ways except?
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Nancy Biggens, REALTOR®
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Which of the following situations is not an example of an illegal kickback
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A broker sharing part of the commission with the buyer
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On Friday, Rosie Peach, a sales associate, gets a contract and earnest money check for her deal. The Seller accepts the offer that same day but Monday is a holiday. What is the last day Rosie Peach can give the check to her Broker?
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Tuesday
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You sell Johnny a rental list that was to only include pet friendly rentals. Johnny found the list to be inaccurate and requested a refund in writing. How much is he entitled to as a refund?
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100%
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Norman Knight, a real estate licensee with Kingdom Realty, advertises a listed property in the local paper. Which wording would be acceptable?
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Home for sale by Kingdom Realty. Contact Norman Knight, Sales Associate, Cell 999-999-9999
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Broker Robin Plunder received conflicting demands from a buyer and seller. Despite the hours of work already involved, Robin just wanted to be relieved of the responsibility and didn't want any of the earnest money for herself. What settlement procedure could Robin choose to take.
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Request an interpleader
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Broker Joey announced to all of his sales and broker associates that for the next four weeks he and 3 other brokerages would advertise that all listings would be taken at 5% - a full 1% lower than what they normally charged. This plan is an example of?
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price fixing
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The owner of an apartment complex can pay any tenant that refers a person that becomes a tenant $50.00 cash.
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True
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With Real Estate Brokerage General Partnerships: The partnership Must Registered with the DBPR; There must be at least one partner as an active broker; Partners who deal with public and perform real estate services must be active brokers; and Sales associates may not be general partners.
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True
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A mere temporary shelter, in a subdivision being sold by the broker, for the protection of salespersons and customers and at which transactions are not closed and salespersons are not permanently assigned, is not deemed to be a branch office.
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True
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An unlicensed assistant is defined as support staff for a real estate corporation or other licensed individuals and cannot be paid for real estate activities.
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True
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Florida Statutes defines "Immediately" for placement of a deposit in an escrow account to be no later than the end of the next business day following receipt of the item to be deposited. Saturdays, Sundays and legal holidays shall not be considered as business days.
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False |
